Two of the four units in the AAT Level 2 Certificate in Accounting are about bookkeeping. Together they make up half of the qualification grade, and each has its own 1 hour 30 minute computer-based assessment.
Introduction to Bookkeeping
5 learning outcomes, 20% of the assessment each
Principles of Bookkeeping Controls
4 learning outcomes, 25% of the assessment each
VAT rate in the tasks
20%
Grade weighting
25% each of the qualification grade
Introduction to Bookkeeping
AAT describes it as manual and digital bookkeeping systems, the documents and processes, and the principles of double-entry bookkeeping.
Set up bookkeeping systems: business documents, books of prime entry, coding, digital systems, the dual effect and the accounting equation.
Process customer transactions: trade, bulk and prompt payment discounts, invoices and credit notes, the sales daybooks, checking receipts.
Process supplier transactions: checking invoices and credit notes, the purchases daybooks, statements of account, payments due.
Process receipts and payments: the analysed cash book, the petty cash book and imprest, recurring entries.
Process transactions into the ledger accounts: transferring the daybook totals and balancing accounts.
Principles of Bookkeeping Controls
It builds on Introduction to Bookkeeping: control accounts, journals and reconciliations, up to redrafting the trial balance.
Use control accounts: receivables, payables and VAT, and reconciling them with the ledgers.
Reconcile a bank statement with the cash book: payment methods, updating the cash book, unpresented cheques and outstanding lodgements.
Use the journal: opening entries, irrecoverable debts, payroll, correcting errors and the suspense account.
Produce trial balances: the initial trial balance and redrafting it after adjustments.
Practising double entry
The tasks here are marked the way the computer-marked assessments are: a box at a time. Journal tasks check the account, the side and the amount of each line, and trial balance tasks check that each balance is in the right column.
Try 3 tasks
Task 1 · Introduction to Bookkeeping LO54 marks
This task is about totalling and balancing ledger accounts.
The account below is ready to be totalled and balanced at the end of June.
Valewood Furniture
Debit details
£
Credit details
£
Invoice
10,986
Bank
8,857
Invoice
2,976
Credit note
3,574
Complete the balancing. For the balance carried down and the balance brought down, choose the side of the account on which each entry is written. (4 marks)
Entry
Side
£
Balance carried down, 30 June
Total of each side
Both
Balance brought down, 1 July
Same amount
Task 2 · Principles of Bookkeeping Controls LO32 marks
This task is about correcting errors with the journal.
Equipment costing £2,795.39 was debited to the repairs account.
Record the journal to correct the error. (2 marks)
Account name
Debit £
Credit £
Leave any spare lines blank.
Task 3 · Principles of Bookkeeping Controls LO25 marks
This task is about the bank reconciliation statement.
The updated cash book balance is -706.65 (a negative figure is an overdraft). Two cheques paid to suppliers have not yet cleared, and one amount paid in is not yet on the statement:
Item
£
Cheque 100251
329.86
Cheque 100864
938.49
Paid in 17 January
2,122.10
Complete the bank reconciliation statement. Use a minus sign for an overdrawn balance. (5 marks)